Chesapeake Business Practices

**gopokes88** · 01-14-2021, 04:03 PM

They were also able to renegotiate midstream contracts which will free up additional cash.

Doug Lawler is pretty young too, I’d be surprised if he wanted to sell it. Hard to find another job after that.

**gopokes88** · 01-27-2021, 12:48 PM

Chesapeake is set to emerge from bankruptcy February 8th

**Pete** · 02-02-2021, 05:19 PM

They just sent an email to employees announcing 220 more job cuts.

Impacted personnel will be notified by phone tomorrow morning.

**David** · 02-02-2021, 05:32 PM

Another empty building?

**Pete** · 02-02-2021, 05:39 PM

They had already stated their intentions to consolidate employees to the west side of Classen (all the smaller, mainly brick buildings) and then market all the big buildings and a parking garage or two for sale or lease.

So, I don't believe this changes anything.

My understanding is that campus consolidation is already planned and should be relatively complete this summer.

Then, we'll see if they can find interested parties for most everything east of Classen.

**Richard at Remax** · 02-03-2021, 06:54 PM

Oh how the mighty have fallen. Really sad when you think of where they were not just 15 years ago.

**SouthOfTheVillage** · 02-04-2021, 06:31 AM

Originally Posted by Richard at Remax

Oh how the mighty have fallen. Really sad when you think of where they were not just 15 years ago.

You can only outspend your Operating Cashflow for so many years before the Investors get pissed. The renewable energy players are on the same trajectory but in the honeymoon phase.

**gopokes88** · 02-09-2021, 03:26 PM

CHK has emerged from CH11. New stock will start trading tomorrow.

(All the old stock was cancelled, hope you sold)

**gopokes88** · 02-09-2021, 03:26 PM

http://investors.chk.com/2021-02-09-...-Restructuring

**Rover** · 02-09-2021, 03:34 PM

Originally Posted by SouthOfTheVillage

You can only outspend your Operating Cashflow for so many years before the Investors get pissed. The renewable energy players are on the same trajectory but in the honeymoon phase.

The renewable energy people don't have to go speculate on huge chunks of leases that will either expire or cost huge amounts to keep. Way different dynamics and economics. Keep writing off the renewables at your own peril.

**gopokes88** · 02-09-2021, 03:44 PM

Originally Posted by Rover

The renewable energy people don't have to go speculate on huge chunks of leases that will either expire or cost huge amounts to keep. Way different dynamics and economics. Keep writing off the renewables at your own peril.

BP did just pay 80% higher for a wind project than the next closest bidder so he's not totally off base

**gopokes88** · 02-10-2021, 11:11 AM

Good start for the new stock. up almost 7%. $4.6 billion market cap. Puts them between Cimarex and EQT value wise.

https://finance.yahoo.com/quote/CHK/

**SouthOfTheVillage** · 02-10-2021, 11:46 AM

Originally Posted by Rover

The renewable energy people don't have to go speculate on huge chunks of leases that will either expire or cost huge amounts to keep. Way different dynamics and economics. Keep writing off the renewables at your own peril.

Apparently so profitable that they’re still begging for federal subsidies.

And NextEra just posted a quarterly GAAP loss. Kind of a bad look for a regulated utility, no?

**Rover** · 02-10-2021, 01:34 PM

Originally Posted by SouthOfTheVillage

Apparently so profitable that they’re still begging for federal subsidies.

And NextEra just posted a quarterly GAAP loss. Kind of a bad look for a regulated utility, no?

I'd say NextEra at 945% total shareholder return over the last 15 years is pretty good.

Let's look at Exxon: